Gainesville Bank & Trust Mortgage Lending & HMDA Data, 2004
In 2004, Gainesville Bank & Trust of Gainesville, GA reported 435 mortgage applications totaling $62.0 million. The average application was for $142,556, and applicants reported an average income of $131,034. 92% of its applications resulted in an originated loan and 4% were denied. Its largest markets were Gainesville, GA (305), Atlanta-Sandy Springs-Marietta, GA (53) and Athens-Clarke County, GA (12) (applications in parentheses).
| Mortgage Company & Address | Gainesville Bank & Trust 500 Jesse Jewell Parkway Gainesville, GA 30501 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2007 2006 2005 2004 |
| Total Number of Mortgage Applications | 435 |
| Total Mortgage Loan Application Amount | $62,012,000 |
| Average Mortgage Loan Application Amount | $142,556 |
| Highest Mortgage Loan Application Amount | $2,200,000 |
| Average Applicant Income | $131,034 |
| Highest Applicant Income | $2,012,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Gainesville Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Hall, Georgia | 305 | $ 37,751,000 | $ 123,773 | $ 87,000 |
| Gwinnett, Georgia | 19 | $ 2,323,000 | $ 122,263 | $ 75,000 |
| Jackson, Georgia | 12 | $ 1,997,000 | $ 166,416 | $ 66,000 |
| Banks, Georgia | 11 | $ 619,000 | $ 56,272 | $ 40,000 |
| Forsyth, Georgia | 10 | $ 1,235,000 | $ 123,500 | $ 139,000 |
| Clarke, Georgia | 9 | $ 2,056,000 | $ 228,444 | $ 34,000 |
| White, Georgia | 9 | $ 1,291,000 | $ 143,444 | $ 99,000 |
| Fulton, Georgia | 6 | $ 2,264,000 | $ 377,333 | $ 26,000 |
| Habersham, Georgia | 6 | $ 724,000 | $ 120,666 | $ 40,000 |
| Barrow, Georgia | 5 | $ 865,000 | $ 173,000 | $ 83,000 |
| DeKalb, Georgia | 5 | $ 1,675,000 | $ 335,000 | $ 100,000 |
| Lumpkin, Georgia | 4 | $ 799,000 | $ 199,750 | $ 77,000 |
| Dawson, Georgia | 3 | $ 291,000 | $ 97,000 | $ 74,000 |
| Stephens, Georgia | 3 | $ 327,000 | $ 109,000 | $ 246,000 |
| Bay, Florida | 2 | $ 9,000 | $ 4,500 | $ 59,000 |
| Carroll, Georgia | 2 | $ 93,000 | $ 46,500 | $ 381,000 |
| Franklin, Georgia | 2 | $ 99,000 | $ 49,500 | $ 50,000 |
| Glynn, Georgia | 2 | $ 3,000,000 | $ 1,500,000 | $ 2,006,000 |
| Lincoln, Georgia | 2 | $ 135,000 | $ 67,500 | $ 167,000 |
| Oconee, Georgia | 2 | $ 68,000 | $ 34,000 | $ 36,000 |
| DeKalb, Alabama | 1 | $ 96,000 | $ 96,000 | $ 39,000 |
| Flagler, Florida | 1 | $ 263,000 | $ 263,000 | $ 156,000 |
| Fayette, Georgia | 1 | $ 181,000 | $ 181,000 | $ 304,000 |
| Gilmer, Georgia | 1 | $ 121,000 | $ 121,000 | $ 130,000 |
| Greene, Georgia | 1 | $ 125,000 | $ 125,000 | $ 50,000 |
| Houston, Georgia | 1 | $ 15,000 | $ 15,000 | $ 16,000 |
| Madison, Georgia | 1 | $ 800,000 | $ 800,000 | $ 145,000 |
| Newton, Georgia | 1 | $ 40,000 | $ 40,000 | $ 0 |
| Rabun, Georgia | 1 | $ 870,000 | $ 870,000 | $ 266,000 |
| Upson, Georgia | 1 | $ 65,000 | $ 65,000 | $ 0 |
| Walton, Georgia | 1 | $ 1,100,000 | $ 1,100,000 | $ 41,000 |
| Wilkes, Georgia | 1 | $ 330,000 | $ 330,000 | $ 161,000 |
| Harrison, Mississippi | 1 | $ 110,000 | $ 110,000 | $ 142,000 |
| Bergen, New Jersey | 1 | $ 90,000 | $ 90,000 | $ 150,000 |
| Macon, North Carolina | 1 | $ 75,000 | $ 75,000 | $ 0 |
| Nash, North Carolina | 1 | $ 110,000 | $ 110,000 | $ 124,000 |
Mortgage Loan Application Detail Totals for Gainesville Bank & Trust in 2004
Loan Purpose |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Refinancing | 223 | $37,518,000 | $117,666 | $2,200,000 | $94,000 | $2,012,000 |
| Home Purchase | 158 | $21,864,000 | $146,750 | $1,300,000 | $122,500 | $2,012,000 |
| Home Improvement | 54 | $2,630,000 | $54,333 | $587,000 | $79,666 | $283,000 |
Applicant Race |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| White | 298 | $38,699,000 | $107,200 | $2,200,000 | $117,800 | $2,012,000 |
| Not applicable | 99 | $21,423,000 | $128,000 | $1,977,000 | $61,333 | $437,000 |
| Hispanic | 25 | $1,196,000 | $47,000 | $127,000 | $39,000 | $176,000 |
| Black or African American | 11 | $513,000 | $46,000 | $111,000 | $52,000 | $120,000 |
| Native Hawaiian or Other Pacific Islander | 2 | $181,000 | $90,000 | $105,000 | $35,000 | $70,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Provided | 0 | $0 | $0 | $0 | $0 | $0 |
Loan Type |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 434 | $61,952,000 | $103,500 | $2,200,000 | $103,500 | $2,012,000 |
| VA-guaranteed (Veterans Administration) | 1 | $60,000 | $60,000 | $60,000 | $554,000 | $554,000 |
| FHA-insured (Federal Housing Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 0 | $0 | $0 | $0 | $0 | $0 |
Outcome |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Loan Originated | 400 | $57,105,000 | $103,500 | $2,200,000 | $107,500 | $2,012,000 |
| Application Denied By Financial Institution | 18 | $1,788,000 | $99,000 | $800,000 | $59,000 | $145,000 |
| Application Withdrawn By Applicant | 14 | $2,866,000 | $204,000 | $1,000,000 | $52,000 | $300,000 |
| Application Approved But Not Accepted | 2 | $125,000 | $62,000 | $101,000 | $149,000 | $223,000 |
| File Closed For Incompleteness | 1 | $128,000 | $128,000 | $128,000 | $59,000 | $59,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Denied by Financial Institution | 0 | $0 | $0 | $0 | $0 | $0 |
Denial Reason |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Credit History | 9 | $212,000 | $23,000 | $55,000 | $55,000 | $126,000 |
| Debt-To-Income Ratio | 7 | $1,443,000 | $206,000 | $800,000 | $76,000 | $145,000 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Gainesville Bank & Trust's 2004 lending activity. By analyzing detailed data on mortgage applications, total loan amounts, applicant incomes, loan purposes, and approval rates, industry professionals, researchers, and analysts can gain a clear understanding of this lender's role in the mortgage market.
This in-depth HMDA data allows real estate experts, financial analysts, and policymakers to track lending trends, evaluate borrower demographics,
and assess Gainesville Bank & Trust's mortgage approval patterns.
Utilize this powerful dataset to analyze market performance, compare lending practices, and make data-driven decisions in the ever-changing mortgage industry.
For a list of all lenders in Georgia, download the full spreadsheet
with aggregated HMDA statistics today.
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